The purchase of municipal and state-owned property is usually fraught with red tape and other complications. The Prozorro platform helps to simplify the procurement process. On the platform, you can find the right option for your business and privatise it for future use. A property lawyer can assist you with the procedure.
Prozorro’s small-scale privatisation for users
Prozorro defines small-scale privatisation as the sale at auction of various properties valued at up to 250 million UAH. Their price is set based on the appraised or book value. During the auction, the price rises as a result of the actions of each participant.
The set of documents required for participation varies depending on the buyer’s status. In general, the following must be prepared:
- application for participation;
- consent to fulfil the obligations relating to the lot;
- a document confirming identity (for individuals);
- an extract from the State Register (for legal entities);
- a document confirming the absence of restrictions on participation in the auction;
- a document confirming payment of fees.
Key benefits of privatisation
Participation in small-scale privatisation on the Prozorro platform offers numerous benefits:
- transparency – the online platform is open and anyone can join the auction;
- competitiveness – open bidding stimulates competition among buyers and ensures a fair price is set;
- protection against corruption – transparency safeguards the bidding process from undue influence;
- accessibility – anyone who submits an electronic application can take part in the auction.
Steps to take part
Ukrainian citizens, foreign nationals and legal entities (both foreign and registered in Ukraine) may participate in the online auction. The step-by-step procedure is as follows:
- checking available lots on Prozorro.Sale;
- select a lot of interest;
- register on an accredited electronic platform;
- prepare the package of documents for submission;
- participating in the auction.
To activate a bid on the selected lot, you must pay a registration and deposit fee.
What property can be found on Prozorro?
The platform lists state- and municipally-owned properties. These are located across the country and anyone can take part in the auction. The main types of properties include:
- unfinished and mothballed construction projects;
- property complexes with all associated buildings, equipment and land;
- shareholdings in companies;
- property for social and cultural purposes;
- movable property in the form of vehicles, specialised machinery and equipment;
- commercial and office property.
Property lawyer from Svarog
Our company is a reliable partner in the purchase of state and municipal property. With us, you can minimise the risk of technical errors whilst preparing to participate in an auction.
By contacting us, you are guaranteed to receive:
- support for property transactions right up to the point of signing;
- a personalised approach;
- protection of your interests at every stage;
- legal assistance at any time;
- expertise in the intricacies of online auction platforms.
Are you concerned about property disputes and the process for resolving them? Book a consultation with Svarog’s specialists and receive the most comprehensive assistance.
Questions and answers
What is Prozorro small-scale privatisation?
The sale of real estate and movable property for various purposes via the Prozorro platform. The value of such properties must not exceed UAH 250 million.
How do I take part in small-scale privatisation?
Register on an accredited Prozorro platform and submit the necessary documents.
What documents are required to purchase a property via Prozorro?
The number and type of documents depend on the auction participant’s status.
What are the risks involved in small-scale privatisation?
Lots may have:
- hidden debts and encumbrances;
- issues with land ownership rights;
- non-compliance with intended use;
- the possibility of challenging the results;
- insufficient information about the lot;
- poor technical condition.
Do I need a lawyer to take part in a Prozorro auction?
You can take part on your own if you wish. However, a lawyer can help improve your chances of winning the auction.
How much does support for small-scale privatisation cost?
The final price depends on the complexity of the auction preparation.